The most high-profile IPO deal in the U.S. market in 2023?According to Investing.com

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©Reuters.

According to Lanya

Investing.com – According to Renaissance Capital, the number of new IPOs in the United States will be 84 in 2023, an increase of 31.3% from 2022. So far in 2023, these IPOs have raised $16.7 billion, a 156.9% increase from 2022.

Reddit, Chime and Stripe data are estimates; the remaining three symbols are listed on stock exchanges

Birkenstock Holdings Limited (Birkenstock)

Birkenstock Holdings Ltd. German shoe giant Birkenstock (NYSE: ) had a relatively good IPO, opening at just $41.00, lower than its initial public offering (IPO) price of $46.00, and closing at $40.20.

The number of common shares issued this time is 10.75 million shares. The company’s 2022 revenue is $1.24 billion.

arm Holdings Limited (HN:) (ARM)

Arm (NASDAQ: ) is a British semiconductor chip design company. The company applied for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) in late August and began trading on the Nasdaq Global Select Market on September 14.

On the first day of listing, the stock traded close to the IPO price of $51 per share.

ARM’s stock price immediately rose 25% on the day of its IPO. JPMorgan Chase expects ARM stock to grow at a compound annual growth rate of 18%, with a price target of $70 per share.

maple bear Company (Instacart)

Instacart’s official name is Maplebear Inc. (NASDAQ: ) went public on September 19 and has been on a downward trend ever since, down 18% since its first day of trading (shares closed at $24.66 on October 9).

Instacart stock trades under the symbol CART and is a common stock on the Nasdaq Global Select Market.

The company said revenue in the first half of 2023 reached about $1.5 billion, up from $1.2 billion achieved in the same period in 2022.

CART began trading at $30 per share on IPO day, and the stock subsequently rose to $42 before falling.

Reddit Corporation

As far as today’s most famous social media platform goes, the names aren’t really all that different from Reddit.

The company has approximately 56 million daily active users.

Chief Executive Steve Huffman, who has been preparing for a future initial public offering, restructured the company this summer, cutting 5% of its workforce and slashing future job openings by a third. two.

Chimei Financial Corporation

The online bank targeting younger customers had expected to go public last year at a valuation of nearly $25 billion, but delayed its IPO due to the market downturn.

Fintech stocks have rebounded strongly this year, with the Ark Fintech Innovation ETF (ARKF) up 35.5% as of October 9, making Chime likely to have an IPO by the end of 2023.

Stripe Company

Stripe’s revenue will reportedly increase from $12 billion in 2021 to $14.4 billion in 2022, with profits expected to be $100 million in 2023 following a loss of $80 million in 2022. Those numbers are enough to make the online payments processing company a top candidate for an IPO. Stripe’s valuation was recently estimated at $50 billion. But that’s only half of the $95 billion peak valuation that private markets have set for the company in 2021. Stripe is headquartered in San Francisco and they plan to make an IPO decision in 2023.

Earlier this year, Stripe raised $6.5 billion from private equity funds to increase liquidity, pay employees and help companies avoid rushing to an IPO and employee votes for a number of reasons related to stock options.

As a result, founders Patrick and John Collison could pursue an IPO in late 2023 to early 2024 while Stripe still resonates on Wall Street.

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